Key stats
About PGIM Active High Yield Bond ETF
Expense ratio
0.39%
Home page
Inception date
Sep 24, 2018
PHYL mainly holds USD-denominated corporate bonds, though up to 20% of the portfolio may be foreign-denominated with a currency hedge applied. However, note that this fund may hold unlimited amounts of high-yield USD bonds from any issuer or geography, including sovereign and/or emerging-market debt. In addition, the funds mandate allows it to hold nearly any type of debt, including variable-rate, convertible, municipal, or MBS/ABS. PHYLs active manager applies both top-down economic analysis and bottom-up, fundamental research to identify issuers with improving credit profiles. The fund manages ongoing portfolio credit risk with daily risk assessments.
Classification
What's in the fund
Exposure type
Corporate
Stocks1.40%
Utilities0.66%
Energy Minerals0.29%
Finance0.23%
Distribution Services0.23%
Bonds, Cash & Other98.60%
Corporate85.39%
ETF4.70%
Miscellaneous2.92%
Securitized1.99%
Government1.72%
Cash1.60%
Loans0.28%
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